U.S. Markets open in 7 hrs 36 mins

Why Goldman Sachs Has an ‘Overweight’ Rating on Commodities

Sarah Sands
Why Goldman Sachs Has an ‘Overweight’ Rating on Commodities

Rising trade war concerns have played an important role in the market’s recent movements. As the world’s two largest economies, the United States (SPY) and China (FXI), enter into a historic trade war, many market participants are expecting that tensions could affect major emerging nations, whose demand outlooks could be hampered. Major commodities, including oil, showed some nervousness as market participants expected rising trade tensions to hamper the demand outlook for major emerging nations.